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An update from Jaguar Mining ( (TSE:JAG) ) is now available.
Jaguar Mining Inc. has successfully closed a bought deal private placement, raising C$28 million by selling over 5 million common shares at C$5.50 each. The proceeds will be used to restart the Turmalina Mine, fund exploration activities, and for general corporate purposes. Eric Sprott, a major shareholder, increased his stake in the company through this transaction. The offering was managed by Red Cloud Securities Inc. and included participation from other underwriters.
The most recent analyst rating on (TSE:JAG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Jaguar Mining stock, see the TSE:JAG Stock Forecast page.
Spark’s Take on TSE:JAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:JAG is a Neutral.
Jaguar Mining’s overall stock score is primarily influenced by its stable balance sheet and positive technical indicators, which are offset by significant challenges in financial performance and valuation. The lack of profitability and negative earnings are major concerns, but the bullish technical momentum provides some optimism.
To see Spark’s full report on TSE:JAG stock, click here.
More about Jaguar Mining
Jaguar Mining Inc. operates in the mining industry, primarily focusing on gold production. The company is known for its mining operations in Brazil and is listed on the Toronto Stock Exchange under the symbol JAG.
Average Trading Volume: 228,448
Technical Sentiment Signal: Buy
Current Market Cap: C$500.8M
For a thorough assessment of JAG stock, go to TipRanks’ Stock Analysis page.